germanguy
VIP Member
The European Ministers of Interior will today vote about an agreement, which will give US authorities unlimited access to the banking data of the SWIFT.
What makes me angry about it ?
Via SWIFT most of the world-wide and inter-european money transfer from bank to bank are handled. As American Law Enforcement authorities took these data, when the SWIFT server was based in the US, SWIFT decided to move this server to Belgium.
Now the european banking traffic goes via this server, which is inacceptable to the US, as they claim this data as important for the War on Terror.
The European Interior Ministers will today decide, as the US demanded an formal agreement, if US Authorities will get unlimited access to these data and allowance to store them for a minimum of five years.
I personally refuse this agreement totally.
There are no safeguards whatsoever how long and to what purpose these data are used by the US.
What do these data contain ?
At minimum the name of the person or company who transfers money, the receiver, the amount, the date and the purpose of the transfer.
If connected with other data, it pretty much gives the US a picture which person and even worse which company pays what for which purpose within the European Union.
So these data can not only be used for the search for terror suspects, but also for industrial espionage.
As we do not get any safeguard against misuse, I strongly reject the whole idea.
I simply do not want any Law Enforcement Agency sniffing around in any data without a search warrant or being informed.
So, as I doubt the US would give European Law Enforcement Agencies the same rights to sniff around in the banking details of US citizens, I am really furious about this.
regards
ze germanguy
What makes me angry about it ?
Via SWIFT most of the world-wide and inter-european money transfer from bank to bank are handled. As American Law Enforcement authorities took these data, when the SWIFT server was based in the US, SWIFT decided to move this server to Belgium.
Now the european banking traffic goes via this server, which is inacceptable to the US, as they claim this data as important for the War on Terror.
The European Interior Ministers will today decide, as the US demanded an formal agreement, if US Authorities will get unlimited access to these data and allowance to store them for a minimum of five years.
I personally refuse this agreement totally.
There are no safeguards whatsoever how long and to what purpose these data are used by the US.
What do these data contain ?
At minimum the name of the person or company who transfers money, the receiver, the amount, the date and the purpose of the transfer.
If connected with other data, it pretty much gives the US a picture which person and even worse which company pays what for which purpose within the European Union.
So these data can not only be used for the search for terror suspects, but also for industrial espionage.
As we do not get any safeguard against misuse, I strongly reject the whole idea.
I simply do not want any Law Enforcement Agency sniffing around in any data without a search warrant or being informed.
So, as I doubt the US would give European Law Enforcement Agencies the same rights to sniff around in the banking details of US citizens, I am really furious about this.
regards
ze germanguy